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<br /> ,"., �° �'`'�`..�-� �erIods that Leader teqvires.. �e insurance cairier pruviding the iasuraace shall 6e�hoseq by Bonowzr subject ta Leade��s. �4��
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<br /> � - -� .. a�proval whic�sitall not be unreasoaably cvittihetd Yf Bo�cowes fails to maintsin cwerttge de.staibed above,LendeT muy.at �.
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<br /> .�` :� t•. ' Lender�apt�s�a,o�ta'v4 caverag�m protect L�eader�s rigtsss in the Propecty in accordance witfy paraa ap3s?. .`��--
<br /> ;._.,:,,: , All an�ce pot�cies and ceriee�rats shaU bC�Pta6le ta Lertder aA,¢shail iaclade a standard acartgage clanse. Ixnder =�'-_
<br /> �.�. - .� "� '.,;�` shaII 6ave the right ta hold the poticies and peaewals. 1f L.ender m,quins,Boaower shatt prompt�y give to I.end�r all receiptc `
<br /> �. of paid prea�ivms and reaewal natices. In the event of iass.Boimwer sba]!give prompt aotice to thr insurance carrier and
<br /> .� ... . �'rj L�euder. L�der maymake proof of loss if aot made pmmptIy by Bormwer. • .
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<br /> ", ' � � Uniess LeAdsr and Barcower otherwise agree in writmg,insuramce paoceeds shall be apptied to testorarion or repair of ( �r
<br /> , , - .�� the:Ft+�{seriq d�a�d, #f the resta�atian o:repa�is ec-ans►�nicaity fe�te and Lender's se�urity is aot tesseae� I�ths `�-��
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<br /> � , . . � restor�tian or repair is not ecoaomically fe.asi'62e or lender's securay waeild be lesseneA,the izuurance pmceeds shalt be �{.°�`
<br /> .; ' , aPPUed to the sums secund by this Secuntp Instnmcent,whether or nat then due,with any excess pai�ta Boriower. If • �_R�
<br /> . , Bo�rower abaadons the Properry.or daes�at answer withu�30 days n notice from I.eader that the.iasuzance canier 6as ' `�'—"
<br /> -- . - offer�d to seuIe a claim,then Lender map s�IIect the inssuauce p�. Lender inay use the praceeds to rep�r ar�eswre . . ---
<br /> . the Ptogerry orto pay s�s secured by this Secarity Instnmieut,w$eAin.��r,not th�due. 't�e 30-alay,period priA begin al}en =__
<br /> t �, . the notice is�sc�. • ,::. . ... _
<br /> �,'��,�f��I�r _ Un�....�3f�r.�r i+w�.��wer�oti�eswise agree m vr*•�--.�,�-;�tii�`rr�ef�,.'°ds ta�r�.'��'�.c�-�e�'��
<br /> .��r .• �aese��i�.�i�f#�a�intblY Payments cefeme�i*a�C=���.�`�-r�.�"��2•�.�e the as��af t�e +�..=..i�s� � ,,., .
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<br /> :� • ' '{ '�''=�r�"`�''�!"�"??� the Y�a�e�tY is aeqnue�bY Lender,,�omsw�§�"s,�;to�aay�isurance policixs and pmce�xts t�vldng
<br /> � Sr�m damag�ts��ne Ptogerty priar w tise acquisition shai3 pass to ixr��to the extent of the sams secwed bq this Sect�ity
<br /> Instrum�t immediately prior W the acquisi�on. . .
<br /> � .:-� ,` • 6. Occupaacy, Preservatioa, Maintenance aad Pirotectbon of tAe Frap�rty; Barrower's Loan Apptication. � .
<br /> ;.�. . Lease6olds. Borcower shall occupy,establish,and use the Property as Borrower�principai residence��ithin.sixt�r days aftes .�
<br /> ' the execution of this Secauity instrument aud shall continue to accupy the Progerty as Bormyrer's principal residence'fas at
<br />- .�.,., ," . least one ear aftef the date of occ
<br /> y apancy. unless L,ender otherwise agrees in writing. which conscnt sha11 r�ot �c .
<br /> '�`'- - � _- - uarea�unably vritl�hetd,or ualess easenuatin;circumstances ezist w7►ich are heyand Bomn�aer?�conttol^ 8otrower rhatl noi -
<br /> • '. . : . de.stroy:.damage or impair the Propecty:-altow t1t�ProQerty to deteriarate:or commit�vaste an titc Prtspecty. Borrac�rer�l�al➢
<br /> � • " , . be in defuult if any forfeitur+e action or procceding.whether civ�l or criminal.is bcgun that in I.cndcr's gaod faIth jndgr�ent .
<br /> � could result tn forfeiture of�he Propecty or othcnvise matcrially impair the Iicn rreatcd By this Sceur[ty Instrumsnt or �
<br /> . . ' Lendet�s secwity interest. Borrower may cur�such u�ieiault�nd reinstate,a�Pmvidcd in Qaragaph!B.Dy cavsing tho a¢ttQn
<br /> as proaeeding to he dismissed with o ruling that,in L,ender�s�ood faith detetminuRion.precludes farfeitur�of tl:e Borrower�
<br /> • �- � � interest in the Propetty or athsr materia!impairmcnt of the lien crea�¢ by this Serurity Insutsment ot i.cnderk serudty •
<br /> . 7nterect. Bormwer shall atso be in default if Borrower. during the toan applI�atIon process.gave materially false or ,
<br /> � . inaccurate information or swtements to Lender(or faited to provide Lender with asiy material inPom�ation)in corutectton cv�W
<br /> ' ' the.toan evidence�d by.the Note. including. but not timited to. repmsentations corccem�ng $orrowe�r's accupancy of the
<br /> • ',. • Propeny as a principal residence. If this Securiry Instrument is on a leasehatd,Bonower shall comply with all the provisions '
<br /> uf the[ease. If Bomower acqaires fee title w the Propeny,the leasehold and the fee tiUe shall noi mecge unless Lender agrees �
<br /> .. • • to the merger in wridng.
<br /> '` ,; ' . ` 7. Protertion of I.ender's Rlg6ts in t6e Property. If Borrower fails to perform the wvenants and agreementws
<br /> .� - �� contained in this Security lns�vmen�or there is a tega!proceeding that may•signifccandy affect Lender's rights in 1he
<br /> . ' Propeny(such as a proceeding in bankruptcy.probate.for condemnation or forfeiture or to eaforce faws or regWatians),tRen ,
<br /> •� . Lendet may do and pay for whafever is necessary to protect the value of the Property and Lender's rights in the Property.
<br /> • � Lender's actions may inctade paying any sums secured by a lien wiic),'��as prioriry over this Security Instrument,appearing . �.:_
<br /> in court,paying reasonable attomeys'fees as�entering on the Frope3ry to make repairs.AIthongh Lender may take action . —
<br /> ` � , ' . under thls paragraph 7,Lendar does rtot have to do so.
<br /> ' ' . Any amounu disbursed by Lender under this p�,���h 7 shall:become add:•��al debt of Borrowerseru�d by this
<br />- ._' Seciaity Insuument ilnless Borrower and L.etcder agree:o other teims of paymen�C�:se amowuts shall bear inter�est from the �
<br /> :...':t;;';i:` date of disb�-aent at the Note rate a�d shall be payable.with inte�es�upon naic.e from Lea�:r w Bormwer requesting -
<br /> , . ,:-� . . , ,����r, PaYmen� -
<br />_-.,. : ..•�:�'s'`:',',', 8. 1� ..'_ t.�ut�ance. If Lender
<br /> '' J F�'�'�'` v� required mortgage ins�,�.*�us as a cap�inn of making the loan secured by this �
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<br /> �` •� }'�"'�'�'7,�,`•, . Security Instn:r.,a�z,fieiren��r shall pay the premiums required to maintain the mort e insurance in effect. if for an
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<br /> '��t•�� ;, . . reason, the marro ge insz�mnce coverage required by Lender lapses or ceases tu be in effec�Borrower shall pay the �-
<br /> remiums ..ired to obtain covera e substantiall mvalent to u"c: mort a e insurance reviousl m Pffect.at,a cost �'-
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<br /> , • • '• � . � substantially ai,.iivatent to the cost to Borrower of the mortgage in�ru�a.previously in effect.from an altemate mortgage � -�
<br />` , r . ' • insurer apprsv�:d by Lender. If substantially equivalent mortgage ins.r�-�ce coverage is not available,Borrower sha11 pay to �'-
<br /> _�-. . . Lender each rnonth a sum equal to one-iwelfth of the ye�y mortgage insurance premium 6eing pald by Borrancr when the -
<br /> � � insurance coverage lapsed or c.eased to be in effect. Lern.;�.�r will accept,use and re:ii�these paymenu as a fa�•s.res�7ve in lieu _
<br /> ;�� . �' of mortgage insuranc,e. Loss reserve payments may r,��onger be reauiced,at ti�w cption of l.eader.if mortgage insurance -
<br />_� . � ' coverage(in the amount and for the periad ti�at Lender requires)proviQed by an iruurer approved by l.ender again becomes '
<br /> ;� � ' available a�d is obtained.Borrower shaif�y the premiums required to maintain mortgage insurance in effec�or to pmvide a '
<br />_ �- . �_ . . . loss resenre,until the requirement for mc:tgage insurance ends in�coordance wiLh 2ny written ap�eement between Borrower
<br /> - • and Lende�or applicabte law. .
<br /> - � � � . , 9. Inspectton. Lender or its agent may make reasonable entries upon�:..�ir�ections of the Property. Lender shall
<br /> give Bolrower norice at the time of or prior to an inspection specifying reasonable caus�for the inspection. •.
<br />= � �. l�ti .�n�emnatton. The prooeeds of any award or claim for�:r�ages,direct or consequential,in connection with any
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